Manager - Foreign Exchange and Forecast

Deerfield, IL
Market-competitive pay and benefits
20 Feb 2024
26 Feb 2024
JR - 121451
Contract type
Full time
Experience level
Manager - Foreign Exchange and Forecast

This is where you save and sustain lives

At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.

Baxter’s products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.

Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.

Join us at the intersection of saving and sustaining lives— where your purpose accelerates our mission.

Your Role at Baxter:

Join us as we revolutionize the treatment landscape and help improve patient lives worldwide.

Baxter plans to spin off our ~$5B Kidney Care segment into an independent, publicly traded company. The new standalone entity will leverage our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. With its own investment priorities and enhanced management focus, the company will be better positioned to pursue growth opportunities and invest in innovation. We will build on our leadership in the kidney care space, fueled by our steadfast focus on innovation, our passion for patients and their families and our expertise in operational excellence.

This is where you can make an impact.

The Treasury Manager of Foreign Exchange and Forecast will play an essential part in managing KidneyCo’s foreign currency exposure risk and cash flow forecasting program. This role is responsible for managing the exposure and forecasting systems, processes, and best practices for an outstanding Treasury function. The manager role should have strong analytical thinking and an interest in global currency markets while also working with the business strategically to support KidneyCo’s mission.

What You'll be Doing:

  • Responsible for overseeing and FX trading per policy guidelines.
  • Serves as a key systems expert as it relates to data collection and inputs of forecasting requirements.
  • Supports the Director/Assistant Treasurer of Capital Markets with all month and quarter end reporting of foreign exchange activity to cross functional teams, committees, and other key stakeholders.
  • Partners with leadership to evaluate and quantify FX risks globally.
  • Collaborates with Treasury and FP&A teams to develop and implement cash flow and balance sheet forecasting models to maintain hedging and FX exposure management.
  • Collaborates with cash management and cash operations teams to develop and implement cash forecasting models to maintain liquidity.
  • Serves as a subject matter expert to global businesses and banking partners regarding foreign exchange exposures, hedging activities and risk appetite.
  • Assists forecasts for assigned processes with help of various statistical forecasting norms and business intelligence.
  • Understands and explains the flow of cash through the organization to better assess long-term forecast validity.
  • Crafts new metrics to monitor forecasts accurately and analyze all cash flow trends.
  • Manages all FX related data in TMS platform.
  • Supports the MDC (Morgan Direct Commercial) process with the pricing of new trades and serves as a backup for payment/approval process for KL.

What You'll Bring:

  • Bachelor’s degree in Accounting, Finance or related field (or country equivalent).
  • 3 plus years of relevant prior work experience, ideally with experience in Treasury Management Systems.
  • Ability to effectively influence and drive communication with diverse collaborators.
  • Ability to assemble and work in a team-oriented environment, often cross-functionally.
  • Demonstrated ability to manage multiple, competing priorities.
  • Possess a passion for global markets and international business.
  • Strong data manipulation skills, including Excel or SQL.
  • Strong problem solving and analytical reasoning.
  • Self-starter, able to draw solid independent conclusions based on ambiguous information.
  • Financial modeling expertise and good business understanding.
  • High motivation and desire to learn quickly.

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission.

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $104,000 to $143,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.

For further information, and to apply, please visit our website via the “Apply” button below.

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